Hi Keith, Yes I can understand why a lot of people may wonder why go to so much trouble and then sell it. Most people do it out of a desire to own and drive a car of their dreams.
For me it's simple. I have some money sitting in a Bank earning virtually nothing. There are no worthwhile investment opportunities that appeal to me on the basis of risk versus return. So, rather than rely on a Stockbroker or Financial Advisor, this way I can win or lose as a result of my own skills and judgement.
I bought the project purely as an investment opportunity. Time will tell if my gut feel for its appeal and ultimate value will be proved right or wrong.
I have thought about selling it as Unregistered but I think it would significantly reduce its appeal and value. Unless of course it was destined to go overseas.
I suppose I'm lucky in that my business requires minimal input from me so I have the time and the finances to embark on this mission. Now that I've built a new workshop on site, I'll be there anyway. The only difference is that the workshop will now be my new office too. I reckon certain members of staff will be quite pleased by that.
I'm also lucky because not only do I get to make a decent return (hopefully) I get to make profit doing something I enjoy and get a great deal of satisfaction from. As it says on my Website, I,ve given up owning expensive cars, mainly due to heavy depreciation but also because I don't drive much these days either.
I'm not in the UK at the moment but when I get back I will put some pictures of what I bought on my Website and its not a pretty sight. Bear in mind, the kit I bought was made around 1985 and has been lying around unbuilt ever since. The intended donor car was readily available back then but now is completely obsolete even in the scrapyards.
Luckily though, via this forum I've met (not physically yet) a guy who can sell me a great deal of very useful spares from a later model which will save me a lot of trouble.
Now, I might get shot down in flames but I welcome the input. My next project is likely to be a GT40. Which one I have no idea but I like the look of the Tornado being built by Ian in Scotland. Here's the part where you shoot me, I have a Chevy engine and UN1 gearbox going spare that came with the P4. An acceptable option for a GT40 or not? If not, anyone want to buy a Chevy engine????
On the subject of engines, has anyone seen the Ford engine for sale on Piston Heads. Judging by the exhaust system, it was intended for a GT40. It seems very good value to me, in fact I'm almost tempted to buy it and store it for later use. Not being a Ford V8 officionardo, maybe its not the best engine, I don't know.
Anyway, bored you all long enough so I'm off to the bar. My Domain is now registered for those interested. Start page - Ferrari P4 Replica